PRA - Here's Why You Should Stay Invested in AXIS Capital | Benzinga
AXIS Capital Holdings Limited (NYSE: AXS) is poised to gain from its compelling and diversified product portfolio, underwriting excellence, digital capabilities and solid capital position. These, along with solid growth projections, make the stock worth retaining.
This leading specialty insurer and global reinsurer, carrying a Zacks rank #3 (Hold), aiming for leadership in specialty risks, has a VGM Score of B. This helps to identify stocks with the most attractive value, growth and momentum.
An Outperformer
Shares of AXS have rallied 25.7% year to date, compared with the industry's increase of 14.9%, the Finance sector's rise of 3.8% and the Zacks S&P 500 composite's rise of 15%.
Image Source: Zacks Investment Research
Return on Capital
AXS's trailing 12-month return on equity is 19.%, ahead of the industry average of 7.8%. Return on equity, a profitability measure, reflects how effectively a company is utilizing its shareholders.
Also, the return on invested capital in the trailing 12 months was 11.1%, better than the industry average of 5.9%. Its ROIC has been increasing over the last few quarters amid capital investment made over the same time frame. This reflects the company's efficiency in utilizing funds to generate income.
Northbound Estimates
The Zacks Consensus Estimate for 2024 and 2025 earnings has moved 1 cent north each in the past seven ...